Hopes of easing trade tensions between China and the United States helped a gauge of global stocks edge higher on Friday despite weakness on Wall Street, though caution over pending U.S. tariffs on Chinese goods put the yuan on track for its biggest monthly decline in 25 years.
Gains on Wall Street petered out on Friday, with the Nasdaq index turning negative, as an upbeat mood fueled by signs of upcoming U.S.-China trade talks and solid domestic consumer spending data, waned ahead of a long Labor day weekend.
Homeownership among millenials is lower than their parents and grandparents.
United Airlines Holdings said on Friday it is extending the cancellation of Boeing 737 MAX flights by another month until Dec. 19 as the jets remain grounded worldwide following two fatal crashes in Indonesia and Ethiopia in the past year.
Oil futures fell on Friday, with U.S. crude down nearly 4% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric.
China will exempt Tesla Inc's electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
The U.S. Federal Reserve's favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year.
Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp .
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
Argentina's battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor's triggered automatic selling mechanisms at big pension funds.
The executive board of the International Monetary Fund will meet for an "informal information session" on Friday to discuss recent events in Argentina, an IMF spokesman said.
The Federal Aviation Administration said on Friday a blue-ribbon panel of experts around the world will need a few more weeks to finish its review into the Boeing 737 MAX certification.
The world's largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing.
South Korea's Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group's de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from the country's ex-leader.
The world's largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.